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This paper finds that individuals in Japan do not leave very significant bequests, that parents often require a quid pro quo for bequests to their children, and that wealthier individuals leave less bequests, meaning that bequests ameliorate wealth inequalities. -- Bequests ; Inheritances ;...
Persistent link: https://www.econbiz.de/10003819991
This paper finds that individuals in Japan do not leave very significant bequests, that parents often require a quid pro quo for bequests to their children, and that wealthier individuals leave less bequests, meaning that bequests ameliorate wealth inequalities
Persistent link: https://www.econbiz.de/10014211608
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...
Persistent link: https://www.econbiz.de/10011499894
financial literacy and business ownership for the increase in wealth inequality between college and non-college households. …
Persistent link: https://www.econbiz.de/10012031017
The last four decades have been marked by growing inequality. The inequality of income and wealth is one of the most … important macroeconomic issues of our time. Inequality contributed to Global Savings Glut and Global Financial Crisis through … factors, monetary policy, high leverage and the development of new money substitutes are critical in explaining the inequality …
Persistent link: https://www.econbiz.de/10012062552
heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of … altruism, which is consistent with the cross-country Kuznets curve. When altruism heterogeneity is high, income inequality … linking economic growth and income inequality. …
Persistent link: https://www.econbiz.de/10014384038
distribution of health in a population contributes to income inequality and is itself a product of that inequality. The evidence … difficult to gauge the magnitude of the contribution this makes to income inequality. Variation in exposure to health risks … inequality. If material advantage can be excercised within the domain of health, then economic inequality will generate health …
Persistent link: https://www.econbiz.de/10010224791
This study uses five series of demographic and health surveys to answer the question: 'Is horizontal inequality in … education and wealth increasing or decreasing in the 20-year interval between 1991 and 2010?'. Horizontal inequality in … education attainment has been moving in waves; however, there was an invested U-shaped trend where inequality increased between …
Persistent link: https://www.econbiz.de/10011554634
This study seeks to add to the research on inequality in least developed countries, namely in Mozambique, by measuring … and mapping indicators of horizontal wealth inequality along geographic regions and ethnolinguistic identities. Using … census data for 1997, 2007, and 2017, we identify possible intersecting inequalities, measuring between-group inequality …
Persistent link: https://www.econbiz.de/10012550308
Although it is often argued that wealth inequality matters more for economic growth than income inequality, this … timeframe. Leveraging hitherto unexploited wealth inequality data from the World Inequality Database, covering a panel of 165 … at the top of the distribution and economic growth. A one standard deviation increase in wealth inequality within …
Persistent link: https://www.econbiz.de/10014553772